Showing posts with label billion dollar bonuses. Show all posts
Showing posts with label billion dollar bonuses. Show all posts

Saturday, August 1, 2009

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses

Last year 08, while the bank crashed, CEO Ken Lewis made $6,019 an hour. Taxpayers are backing Bank of America with $199.2 billion .

According to a recent report by New York Attorney General Andrew Cuomo, Bank of America issued $3.33 billion in cash and stock bonuses to executives in 2008, despite receiving $45 billion in bailout funds.

Merrill Lynch, which merged with BofA in January, issued $3.6 billion in bonuses despite having losses of more than $27 billion

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses